Account code for recording studio equipment

Question asked by Pete 7 years ago

Probably a very basic question, normally one for my accountant but can't get in touch right now.

I have recently purchased a couple of items of recording studio equipment for my business. Can someone please tell me what account code I should use. Is there an existing one in the default codes or should I set up a new one?

This is stuff that will depreciate over years, e.g. mixing desk, headphones.

Write reply1

1 Reply

Hi Pete,

As long as you select a fixed assets account code then this will allow you to record and depreciate the asset.

There are four built in fixed asset codes that can be seen under the Settings > Accounting > Account codes section.

If there isn't a built in code that you want to use then create one from the same page. Make sure the account type is set to fixed asset.

Best answer
7 years ago

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social